Corn, Soybeans Rise as China Growth May Spur Demand for Imports
This article is for subscribers only.
Corn futures jumped the most in six weeks and soybeans rose to a two-week high on speculation that China will boost imports to slow domestic food-price inflation.
Argentina expects China to agree on buying corn in the first half of 2011, Minister of Agriculture Julian Dominguez said. China normalized soybean-oil trade between the nations, and the first shipment is expected to arrive in December or January, Dominguez said. The Asian nation is the second-biggest producer of corn and the largest importer of soybeans and cooking oils.